Callaway Golf Company

NYSE:CALY 株式レポート

時価総額：US$2.7b

Callaway Golf 将来の成長

Future 基準チェック /36

Callaway Golf利益と収益がそれぞれ年間34.6%と1.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に5.5% 36.2%なると予測されています。

主要情報

34.6%

収益成長率

36.19%

EPS成長率

Leisure 収益成長37.4%
収益成長率1.1%
将来の株主資本利益率5.48%
アナリストカバレッジ

Good

最終更新日04 May 2026

今後の成長に関する最新情報

Recent updates

ナラティブ更新 • May 01

CALY: Healthy Golf Spending And Higher Future P/E Could Drive Rerating

Analysts have recently adjusted their models on Callaway Golf and, with a series of revised price targets around $15, are linking the change in target to more modest revenue and margin assumptions, balanced against a higher future P/E multiple. Analyst Commentary Recent Street research on Callaway Golf centers on price targets converging around US$15, with analysts refining their models after the latest quarterly update.
ナラティブ更新 • Apr 16

CALY: Healthier Golf Spending And New Models Will Support Future Share Recovery

Analysts have collectively nudged their average price target for Callaway Golf higher by $4, citing healthier golf spending trends, a steadier profit outlook, and recent model updates that focus on stabilizing market share and reinforcing revenue and earnings trajectories. Analyst Commentary Recent research on Callaway Golf points to a mixed but constructive tone, with several firms adjusting models and price targets as they reassess golf demand, market share trends, and the company’s earnings profile.
ナラティブ更新 • Apr 02

CALY: Healthy Golf Demand And Entertainment Venues Will Support Future Share Recovery

Analysts have nudged their Callaway Golf fair value estimate higher to $16.75 from $16.35. They point to updated models that reflect healthier revenue growth expectations, a slightly lower discount rate and a higher assumed future P/E multiple, alongside a series of recent price target increases and rating upgrades on the stock.
ナラティブ更新 • Mar 19

CALY: Healthy Golf Spending And Integrated Platform Will Drive Future Rerating

Analysts have recently lifted Callaway Golf's average price target toward $15, reflecting updated models that incorporate healthier golf spending, a lower discount rate, more moderate revenue and margin assumptions, and a higher future P/E of about 25.5x. Analyst Commentary Recent Street research around Callaway Golf clusters around the US$15 price target, with several bullish analysts raising their estimates and some introducing higher upside scenarios for Topgolf Callaway as a combined platform.
ナラティブ更新 • Mar 05

CALY: Healthy Golf Demand And Entertainment Venues Will Drive Share Recovery

The analyst price target for Callaway Golf has shifted modestly higher. Our fair value estimate has moved from $16.05 to $16.35 as analysts point to a steady golf consumer, ongoing sector interest, and the need for the company to address market share pressure while working to get revenue and earnings growth back on track.
ナラティブ更新 • Feb 18

CALY: Topgolf Entertainment Integration Will Shape Deleveraging And Core Golf Focus Narrative

The analyst fair value estimate for Callaway Golf has been revised from $12.50 to $16.05, reflecting updated Street price targets in the range of $15 to $17.50, as well as analyst expectations for improved revenue growth, stronger profit margins, and a more conventional forward P/E multiple. Analyst Commentary Recent Street research around Callaway Golf and Topgolf Callaway highlights a mix of optimism on execution and growth potential, alongside some caution on valuation and near term earnings risk.
ナラティブ更新 • Feb 04

CALY: Pure Play Focus And Topgolf Stake Sale Will Drive Rerating

The analyst price target for Callaway Golf has been lifted from US$10.50 to US$19.00, with analysts pointing to recent upgrades, higher targets across the Street, and support for the Topgolf transaction and pure-play golf focus as key reasons for the reassessment. Analyst Commentary Recent research highlights a clear shift in tone around Callaway Golf and the Topgolf transaction, with several bullish analysts pointing to a cleaner focus on core golf equipment and clearer value for the Topgolf stake as key supports for higher price targets.
Seeking Alpha • Jan 15

Topgolf Callaway Brands Stunning Rise Necessitates A Recalibration

Summary Topgolf Callaway Brands surged 79.4% in a year, driven by a $1.1 billion Topgolf stake sale and balance sheet transformation. MODG used $800 million in cash proceeds to eliminate net debt, now holding a $200 million net cash position and launching a $200 million buyback. MODG trades at a 0.92x EV/revenue multiple, a steep discount to Acushnet, supporting continued upside despite recent gains. I maintain a "Strong Buy" on MODG but have sold covered calls to lock in gains and manage risk after historic appreciation. Read the full article on Seeking Alpha
分析記事 • Jan 15

Revenues Not Telling The Story For Topgolf Callaway Brands Corp. (NYSE:MODG) After Shares Rise 27%

Despite an already strong run, Topgolf Callaway Brands Corp. ( NYSE:MODG ) shares have been powering on, with a gain of...
ナラティブ更新 • Jan 07

MODG: Planned Topgolf Stake Sale Will Likely Expose Downside Risk

Analysts have lifted their fair value estimate for Topgolf Callaway Brands from about $7.00 to roughly $10.00 per share, citing recent price target increases to as high as $17.50, supportive views on the planned $1.1b Topgolf stake sale, and a focus on the core golf equipment business. Analyst Commentary Recent research has centered on the planned sale of a 60% stake in the Topgolf and Toptracer businesses at an implied valuation of about $1.1b and what that means for Topgolf Callaway Brands' equity story.
ナラティブ更新 • Dec 24

MODG: Topgolf Stake Sale Will Shape Deleveraging And Core Golf Focus Narrative

Analysts have nudged their blended price target on Topgolf Callaway Brands modestly higher to the low teens per share, supported by views that the planned $1.1B Topgolf stake sale, the resulting $770M in net proceeds, and the strategic refocus on core golf equipment enhance balance sheet flexibility and preserve upside participation in future growth. Analyst Commentary Recent Street commentary on Topgolf Callaway highlights a generally constructive stance on the announced Topgolf stake sale, with debate centering on valuation, capital allocation, and the durability of growth in the core golf franchise.
ナラティブ更新 • Dec 09

MODG: Topgolf Stake Sale Will Define Future Focus On Core Franchise

Analysts have raised their fair value estimate for Topgolf Callaway Brands from approximately $11.72 to $12.50, citing the recently announced $1.1B Topgolf stake sale, associated balance sheet de-risking, and the company’s refocus on its core golf equipment franchise as key drivers supporting higher price targets across recent research. Analyst Commentary Bullish analysts view the announced Topgolf stake sale as a pivotal step that simplifies the business model, sharpens focus on the higher margin, core equipment franchise, and removes an overhang related to capital intensity and valuation uncertainty around the entertainment assets.
分析記事 • Nov 27

Topgolf Callaway Brands Corp.'s (NYSE:MODG) Shares Climb 27% But Its Business Is Yet to Catch Up

The Topgolf Callaway Brands Corp. ( NYSE:MODG ) share price has done very well over the last month, posting an...
ナラティブ更新 • Nov 25

MODG: Business Simplification And Asset Sale Will Define Forward Outlook

Analysts have raised their price target for Topgolf Callaway Brands from approximately $11.06 to $11.72 per share. They cite transaction-driven business simplification and improved strategic clarity as key factors behind the modest increase.
ナラティブ更新 • Nov 11

MODG: Continued Equipment Demand And Asset Monetization Will Shape Future Performance

Analysts have raised their price target for Topgolf Callaway Brands to $14 from $13, citing continued healthy demand in the core equipment business and positive developments at Topgolf SVS as key reasons for their updated outlook. Analyst Commentary Recent research from Wall Street highlights a mix of optimism and caution surrounding Topgolf Callaway Brands, with updated ratings and price targets reflecting both company execution and broader consumer trends.
ナラティブ更新 • Aug 08

Expanded Value Offerings And New Venues Will Drive Active Leisure

The significant upward revision in analyst price target for Topgolf Callaway Brands is primarily driven by improved consensus revenue growth forecasts and a higher future P/E multiple, resulting in a fair value increase from $9.00 to $10.14. What's in the News Topgolf Callaway Brands lowered its FY2025 consolidated net revenue guidance to $3.80–$3.92 billion, down from prior guidance of $4.00–$4.185 billion.
分析記事 • Jul 26

Topgolf Callaway Brands Corp. (NYSE:MODG) Held Back By Insufficient Growth Even After Shares Climb 26%

Despite an already strong run, Topgolf Callaway Brands Corp. ( NYSE:MODG ) shares have been powering on, with a gain of...
分析記事 • May 13

Topgolf Callaway Brands Corp.'s (NYSE:MODG) Shares Leap 26% Yet They're Still Not Telling The Full Story

Topgolf Callaway Brands Corp. ( NYSE:MODG ) shares have had a really impressive month, gaining 26% after a shaky period...
分析記事 • May 08

Is Topgolf Callaway Brands (NYSE:MODG) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Apr 01

Why Topgolf Callaway Brands Corp. (NYSE:MODG) Could Be Worth Watching

Topgolf Callaway Brands Corp. ( NYSE:MODG ), is not the largest company out there, but it saw a double-digit share...
Seeking Alpha • Mar 06

Topgolf Callaway: Why Investors Should Take A Swing

Summary Topgolf and Callaway will separate into two independent companies, potentially unlocking value. Callaway will focus on golf equipment, while Topgolf will operate as a debt-free entertainment brand. The stock has plunged 84% since its peak, largely due to the challenges of merging golf equipment manufacturing with entertainment. However, at $6 per share it is undervalued. Callaway is positioned for stable growth with its premium golf gear and Toptracer technology, while Topgolf presents a higher-risk, high-reward opportunity through international expansion and innovation. The split provides clarity for both businesses, making Callaway a safer bet and Topgolf a speculative growth play. At current levels, the stock is a strong buy. Read the full article on Seeking Alpha
Seeking Alpha • Feb 22

Topgolf Callaway: Q4 Preview, A Costly Mistake With No Clear Turnaround - 'Sell'

Summary The merger of Topgolf and Callaway was a strategic mistake, leading to high debt and damaging Callaway's premium brand image. Topgolf's revenue growth has slowed due to economic normalization, with declining consumer spending and rising interest rates. The combined company faces significant financial challenges, and even the intended spin-off carries substantial uncertainties. I initiate a "SELL" rating for Topgolf Callaway, estimating the fair value at $2 per share. Read the full article on Seeking Alpha
分析記事 • Feb 16

Market Cool On Topgolf Callaway Brands Corp.'s (NYSE:MODG) Revenues

When close to half the companies operating in the Leisure industry in the United States have price-to-sales ratios (or...
Seeking Alpha • Dec 29

Topgolf Callaway Brands: A Bogey At These Prices Looks Improbable

Summary Topgolf Callaway Brands' shares have plummeted 47% in 2024 and 79.3% from their peak, but the decline seems extreme given the company's fundamentals. Management plans to split Topgolf and Callaway Golf Company, aiming to unlock value despite recent financial struggles and increased debt. Topgolf's growth strategy involves expanding venues, while Callaway Golf Company will inherit the debt, potentially offering investors Topgolf at a low valuation. Despite market skepticism, I maintain a strong buy rating, believing the separation will reveal undervalued assets and present a compelling investment opportunity. Read the full article on Seeking Alpha
分析記事 • Dec 07

Topgolf Callaway Brands (NYSE:MODG) Use Of Debt Could Be Considered Risky

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Nov 24

Topgolf Callaway Brands: No Signs Of Recovery In Sight

Summary I maintain a sell rating on Topgolf Callaway Brands due to poor revenue performance, weak consumer spending, and ineffective growth initiatives. MODG's 3Q24 earnings showed a 2.7% y/y revenue decline, with EBIT margin compressing by 400 bps and net income plummeting to $4.3 million. Topgolf's SVS declined for the fourth consecutive quarter, with both consumer and corporate segments showing significant drops. MODG's leverage ratio increased to 4.1x, raising concerns about its balance sheet. Read the full article on Seeking Alpha
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新しいナラティブ • Sep 12

Critical Review And Digital Investments Poised To Propel Future Growth And Market Leadership

Strategic review and investments in digital capabilities at Topgolf aim to enhance shareholder value and increase revenue through higher venue traffic.
Seeking Alpha • Aug 16

Topgolf Callaway: Concerning Traffic Decline At Topgolf

Summary Topgolf Callaway's Q2 report showed mixed financial performance with fine surface-level financial results across segments. Underneath, Topgolf's traffic is deteriorating rapidly, also leading to a 2024 guidance shift and a strategic alternative review process. The weakness seems to show structurally weak demand. Topgolf Callaway's stock remains unattractive even at the lower stock level as the financial performance looks to deteriorate from lower traffic. Read the full article on Seeking Alpha
分析記事 • Aug 01

Topgolf Callaway Brands Corp.'s (NYSE:MODG) P/E Still Appears To Be Reasonable

With a price-to-earnings (or "P/E") ratio of 39.6x Topgolf Callaway Brands Corp. ( NYSE:MODG ) may be sending very...
分析記事 • Jul 11

Why Topgolf Callaway Brands Corp. (NYSE:MODG) Could Be Worth Watching

Topgolf Callaway Brands Corp. ( NYSE:MODG ), might not be a large cap stock, but it received a lot of attention from a...
Seeking Alpha • May 31

Topgolf Callaway's Growth Likely Isn't On A Sustainable Foundation

Summary Topgolf Callaway is a golf-focused company that operates recreational golf-hitting bay venues and sells golf equipment and related apparel. The company's growth is built on extensive investments, but as cash flows are poor and debt is incredibly high, Topgolf Callaway could need to slow down investments in the future. The Q1 earnings showed a poor Active Lifestyle revenue performance also pressuring earnings. The bump in growth is expected to be temporary, but adds some risk to the investment. The current valuation doesn't seem to price in the financial struggles, and makes the stock a poor risk-to-reward investment in my opinion. Read the full article on Seeking Alpha

業績と収益の成長予測

NYSE:CALY - アナリストの将来予測と過去の財務データ ( )USD Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
12/31/20282,144114N/AN/A2
12/31/20272,09410611726911
12/31/20262,0408811026311
12/31/20252,06039302334N/A
9/30/20254,061-1,50534313N/A
6/30/20254,140-1,494-21272N/A
3/31/20254,187-1,45267370N/A
12/31/20242,07893331382N/A
9/30/20244,212-12152476N/A
6/30/20244,24021168538N/A
3/31/20244,2627717444N/A
12/31/20232,133100315365N/A
9/30/20234,23999-413158N/A
6/30/20234,187108-565-9N/A
3/31/20234,12396-535-2N/A
12/31/20223,996158-571-35N/A
9/30/20223,856204-41166N/A
6/30/20223,724150-315130N/A
3/31/20223,522136-246172N/A
12/31/20213,133322-44278N/A
9/30/20212,796308145352N/A
6/30/20212,415376214349N/A
3/31/20211,799117192243N/A
12/31/20201,590-127189228N/A
9/30/20201,527-11696145N/A
6/30/20201,477-13761117N/A
3/31/20201,6276053113N/A
12/31/20191,701793287N/A
9/30/20191,57080N/A35N/A
6/30/20191,40659N/A36N/A
3/31/20191,35691N/A81N/A
12/31/20181,243105N/A92N/A
9/30/20181,254114N/A128N/A
6/30/20181,235107N/A96N/A
3/31/20181,14378N/A71N/A
12/31/20171,04941N/A118N/A
9/30/20171,021183N/A103N/A
6/30/2017965175N/A86N/A
3/31/2017906177N/A86N/A
12/31/2016871190N/A78N/A
9/30/201686136N/A88N/A
6/30/201684938N/A81N/A
3/31/201683417N/A49N/A
12/31/201584415N/A31N/A
9/30/20158253N/A27N/A
6/30/20158186N/A36N/A

アナリストによる今後の成長予測

収入対貯蓄率: CALYの予測収益成長率 (年間34.6% ) は 貯蓄率 ( 3.5% ) を上回っています。

収益対市場: CALYの収益 ( 34.6% ) はUS市場 ( 16.4% ) よりも速いペースで成長すると予測されています。

高成長収益: CALYの収益は今後 3 年間で 大幅に 増加すると予想されています。

収益対市場: CALYの収益 ( 1.1% ) US市場 ( 11.4% ) よりも低い成長が予測されています。

高い収益成長: CALYの収益 ( 1.1% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: CALYの 自己資本利益率 は、3年後には低くなると予測されています ( 5.5 %)。

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/07 19:15
終値2026/05/07 00:00
収益2025/12/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Callaway Golf Company 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。26

アナリスト機関
Craig KennisonBaird
Derek LeckowBarrington Research Associates, Inc.
Alexander MarocciaBerenberg